THE PHILIPPINE Economic Zone Authority (PEZA) opened its Davao Business and Investment Center last week to serve existing and potential investors in Region 11, where there are currently 14 accredited agro-industrial, five manufacturing, and several information technology (IT) zones. The center “will be guiding investors, both potential and those that have set up their businesses,” PEZA Director-General Charito B. Plaza said during the opening ceremony. Ms. Plaza said they are also looking at available spaces in other regions where they can open an office “so that it would be easier for businesses to set up their investments.” There are 365 economic zones with 3,916 locator companies nationwide. The Davao center is located in a space provided by Damosa Land, Inc. (DLI) at their Market Basket compound in Davao City. “When we built this (in 2009), the intention was to have PEZA and some other government agencies located here so that they can provide services to the locators,” said DLI Vice-President Ricardo F. Lagdameo. The Market Basket compound is adjacent to DLI’s PEZA-accredited IT park. The real estate firm is also developing an agro-industrial zone in Panabo City, Davao del Norte. — Carmelito Q. Francisco

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